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"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

British Retail Jobs Being Lost at Highest Rate Since 2009

The economic turmoil caused by this year’s lockdown continues to cause damage to the jobs market. In fact, the latest figures show that retail jobs have been lost in 2020 at a faster rate than has been seen since 2009.

The Report

This data comes from the CBI’s monthly distributive trades survey. It looks at the country’s employment figures for 2020, up to September, in the retail industry. The results presented are worse than had been expected.

UK Inflation Rose More Than Expected in July

The speed of the UK’s recovery from the coronavirus lockdown continues to generate debate. Among the latest figures to be released, we can see that inflation rose by more than expected in July, while some sectors are returning to normal faster than others.

The Inflation Figures

The Office for National Statistics (ONS) recently reported that the consumer prices index was up by 1% on a year-by-year basis. This follows on from 0.6% in June. Previously, experts surveyed by Bloomberg had predicted that it would rise by 0.7%.

Strong German Recovery Expected But US Factories Slow Down

As the global recovery from the Covid-19 pandemic and lockdown gathers pace, it is becoming clear that the rate of recovery is going to vary widely from one country to another. A look at a few examples from around the planet helps to prove how this may work.

The German Outlook

The German central bank, the Bundesbank, has revealed that they expect to see a fast recovery that covers a broad section of the economy in 2020. This prediction comes after a disappointing second quarter of the year in which the German GDP dropped by 10.5%.

Eating Out Scheme Is a Success But Employment Numbers Suffer Dramatic Fall

The UK’s recovery from the period of lockdown continues to provide a mixture of positive and negative news. In the last day or so, we have seen encouraging signs from the government’s dining out scheme, while employment numbers have fallen at a rate not seen since the last recession.

More Brits Are Eating Out